Business

Looking to simplify your global sourcing? Check out these 6 easy ways to get started!

Using outsourcing services to help with your global sourcing can seem overwhelming at first, especially if you’re not sure where to start or don’t know the ins and outs of what your options entail. Fortunately, though, there are ways to simplify this process and make it easier to get started with outsourcing your global sourcing needs. Check out these six easy ways to simplify your global sourcing today!

1) Identify Key Suppliers

Your business may work with a lot of suppliers, but that doesn’t mean you should work with all of them. Prioritize who you work with and make sure that your key suppliers are legitimate and committed to providing high-quality products.

That way, you can spend more time focusing on those who matter most. Also, beware of any potential suppliers who offer extremely low prices; there might be a reason why they can charge less—and it probably won’t be good for your business.

Instead, seek out providers whose price reflects their quality standards so that you can achieve maximum efficiency for all parties involved.

2) Build a Team

When it comes to global sourcing companies, it’s always best to work with a team of smart, experienced people.

Here are three reasons why:

*First and foremost, it’s the only way to cover all the bases. In fact, the more eyes and minds you have on an issue, the more chances you have of spotting problems or making better decisions quickly.

*Second, experts who rely on data and communicate well are much more likely to reach a consensus—and making decisions together can take far less time than trying to figure things out alone.

*Third, working in teams is simply more fun. You spend less time dealing with heavy-duty issues like quality assurance and deal facilitation because there are enough brains thinking about that already; instead you focus on building strong relationships and positive partnerships.

3) Take advantage of customization options

Customization options can save you both time and money when it comes to getting goods made. Don’t forget to take a look at things like color, materials, packaging and functionality. Offering things like embroidery, embossing or foiling can attract more customers and give them something unique.

Take advantage of customization by giving your customers an extra incentive for purchasing from you—and make sure it doesn’t come with extra fees (we know they exist!) because one fee is often enough to kill a sale.

Before making purchases in bulk, make sure that customization won’t affect pricing or delivery times negatively. You don’t want customs holding up shipments if it adds additional fees or other problems!

4) Use existing relationships

Building upon existing relationships is a great way to kick-start and develop new partnerships. In almost all cases, you know that your products or services are valuable. Reach out to vendors in your network who might benefit from them. Offer samples or even special pricing for a limited time for interested parties.

You can also search local directories (like Export123’s listing database) of current suppliers – sometimes it’s easier just starting from scratch with a new vendor.

Ask:

Do they have experience dealing with international partners?

What types of products do they offer, and are they looking for other kinds of products at the moment? How long have they been in business?

5) Start with low MOQs

Simplifying your manufacturing process requires working with a china sourcing company that can produce smaller quantities of products. Start by negotiating with vendors who are willing to accept smaller minimum order quantities (MOQs).

By requesting fewer units at a time, you’ll be able to cut down on a few different costs. This will also help you expand more quickly. If you find yourself continually needing less than 100 units of a given product, then it makes sense for you to work with a company that can offer faster turnaround times and lower prices for smaller volumes.

6) Stay organized

Make sure you’re using good systems. Many companies use spreadsheets and paper, which is fine if that works for you and your team. But technology has also made it possible to organize in a way that’s less labor-intensive, so it makes sense to give those tools a try if they can help streamline your process.

Some tools (like Google Docs) are completely free and can be used by teams of all sizes, while others have varying levels of complexity and price points.

The key is finding what works best for you. Whatever system you choose, make sure everyone on your team agrees on how things will be organized and where information will live – otherwise, it won’t be efficient at all.

Wrapping up

A well-executed strategy of simplification can help you alleviate many potential headaches and improve upon your current practices. The best thing about simplifying is that it’s a fluid process—what makes sense for you today may change over time, and that’s okay.

Over time, what worked for you may no longer make sense or may not be applicable anymore. As long as you have a strategy in place, changes in personnel or client requests should be made with ease. Don’t expect any one solution to fit all of your needs perfectly at once—simplify along an evolutionary track that gets better with each iteration as new factors come into play.

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